Is FSBO the right way to go? (Infographic)

Written by Posted On Thursday, 08 May 2014 07:21

This article originally appeared at the Hallmark Abstract Service website here.

For some home sellers the temptation of avoiding having to pay the real estate agent a commission for their services may override the multiple benefits that using them provides!

For anyone who is going to be selling a home, the metrics that should matter most to them includes the amount of time the house will be on the market before it sells, the ultimate selling price it will fetch and the ease with which the mechanics of the transaction are accomplished.

The urge for some sellers might be to handle the process entirely on their own from setting of the price, marketing of the property, the showings, negotiations, vetting of potential buyers, managing the mortgage process and on and on and on.

All of this to save the 2-6% commission that would be paid to a Realtor for handling it all instead.

But by going the FSBO route is the seller in-effect being penny wise and dollar foolish?

Will doing it this way get them the best price in the shortest amount of time?

Will they avoid going to contract with a buyer who is simply wasting their time and who will never qualify for a mortgage?

Will they price the home right and market it fully so that they are reaching every potential buyer in the marketplace?

This infographic provides some of the statistics comparing FSBO to realtor assisted sales and, after taking a look at it, HAS had written a prior article titled ‘Buying a house? Why you need a realtor!‘ that you can read by clicking on the link.

Infographic: FSBO vs Realtor

If you are buying or refinancing Residential or Commercial Real Estate in New York you can potentially save hundreds of dollars in closing costs with Hallmark Abstract Service! Click here to learn more.

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Michael Haltman

Hallmark Abstract Service provides title insurance for both residential and commercial real estate transactions in New York State.

Hallmark Abstract President Michael Haltman is also extremely involved with the combat veterans 501(c)(3) Heroes To Heroes Foundation, serving as the Board Chair.

Hallmark Abstract Service

In 2008 we opened our doors focused on two primary goals:

Number one was to be a title insurance company that would provide clients with a superior finished product that completely protects their interests for what will likely be one of the largest transactions of their lifetime.

Number two was to insure that the experience of working with Hallmark Abstract Service was as easy and seamless as possible for all parties involved in the transaction!

From the number of satisfied clients who come back to Hallmark Abstract Service time after time for their title insurance needs, the evidence bears out that we have accomplished these two goals in the past and will maintain our client centric focus far into the future!

Michael Haltman

Post 1984 MBA in Finance from the State University of New York at Albany that concentrated on the tax-exempt market, Michael became a municipal bond analyst at Shearson/Lehman Brothers tasked with following general obligation issuers on the city and state level as well as housing bonds secured by mortgage pools.

This experience at Shearson/Lehman Brothers followed by stints at PaineWebber and Citigroup provided a broad framework and understanding of the real estate and mortgage markets.

As CEO of Exeter Commercial which underwrote and funded commercial mortgage loans as a correspondent lender, title insurance played a critical role in both the underwriting and closing process.

In 2008 recognizing both an opportunity and need, Hallmark Abstract Service was born.

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